"This need to be aligned to the best corporate practices. The shareholding needs to come down to at least 52 per cent in the first phase. As and when ...
Finance Ministry Might Prevent Composition Dealers from Charging GST from Buyers
In its bid to win hearts if Indian consumers, Finance Ministry’s Revenue dept is set to take a consumer-friendly measure, the revenue departmen...
Finance Ministry Adopts E-Mobility Programme
Marking the adoption of e-mobility, the Department of Economic Affairs, Ministry of Finance, Government of India has signed an agreement with Energy E...
NPAs with PSBs Decline by Rs 23,000 Crore
Bad loans of public sector banks declining by over Rs 23,000 crore from a peak of Rs 9.62 lakh crore in March 2018, said a senior Finance Ministry off...
Suresh Prabhu Want More Funds for Incentivising Onion Exports
Commerce Minister Suresh Prabhu has sought Rs 179.16 crore from the Finance Ministry to double the incentives for onion exporters amid significant fal...
Finance Ministry to Infuse Rs. 2159 Cr in United Bank of India
State-owned United Bank of India said the government has decided to infuse Rs 2,159 crore in the bank as part of Rs 28,615 crore capital infusion to b...
Govt to Infuse Rs 83K Cr in PSBs
The capital will be pumped in over the next few months, Finance Minister Arun Jaitley said, adding that the move will increase the lending capacity of...
8000 Cr Of GST Evasion Detected by Finance Ministry
Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill mechanism there has been rampant e...
RBI Can Transfer Rs 1 Trillion of Excess Reserves to Government: Report
The Reserve Bank has ‘more than adequate’ reserves and that it can transfer over Rs 1 trillion to the government after a specially constituted panel i...
Independent Agencies To Get Set Up for FTA Negotiations for Exporters
After the concerns raised by industry, exporters and trade experts on free trade agreements (FTAs) being implemented by India, Suresh Prabhu, Commerce...